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Monday, 9 November 2026
Markets

Bank Negara Malaysia Seen Raising Interest Rates to 3% in 2027 as Inflation Risks Build

Malaysian research houses expect Bank Negara Malaysia to raise the OPR by 25 basis points to 3% in 2027, as resilient growth and inflation risks reshape expectations for borrowing costs, bank deposits and the ringgit.

By Chee Liang CFA8 min read

KUALA LUMPUR, 9 November 2026 – Bank Negara Malaysia (BNM) could raise its benchmark interest rate by 25 basis points to 3% in the first half of 2027, according to several investment banks and research houses, as resilient economic growth and emerging inflationary pressures strengthen expectations of a gradual shift towards tighter monetary policy.

The forecasts follow BNM’s decision on 5 November to maintain the Overnight Policy Rate (OPR) at 2.75% during its final Monetary Policy Committee (MPC) meeting of 2026.

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Author

  • Chee Liang CFA

    Chee Liang CFA specializes in financial advice and global economic trends, delivering clear insights to help readers navigate markets, investments, and the shifting dynamics of the world economy.